Planning is essential to a project or business venture , so is the execution. Without a good plan, we will only keep executing that which is urgent or that which comes first to our mind. On the other hand, without good execution we will spend a lot of time in planning and not achieve much.
Like everything else in life, balance to both these activities are must. As a good general of your forces, you need to keep strategy and tactics in balance. Planning is same as the strategy which should be derived out of experience and situation on the ground. Tactics should form part of strategy and derived out of it.
A good project management requires good planning and also a good execution. Entrepreneurs are running up new projects all the time. The learning from one project is often fed into the next one. The strategy gets better and better until the entrepreneur cracks the code of success eventually.
Even though we may not recognize it , we are constantly planning and executing and adjusting our strategies. It also makes sense to then give our change of strategy or tactics some time before we analyse them for success.
Another important point is that if we don’t execute the plan and just keep thinking more about it, we may not learn how good it is . By executing the tasks in the plan, we can always know what works and what does not.
Spend a lot of time planning but do it before you start execution. Once you learn more keep adjusting the plan and document things you have learned. Taking this approach will yield huge benefits in the long run.
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